Review of Austrian Economics
Author:
Richard H. Timberlake, Jr.
Online Publish Date:
From The Review of Austrian Economics Vol. 1, No. 4, 1987. From the first, the Austrians entertained a wish ... to apply their marginal utility theory to the case of money—which both the enemies of this theory and some of its foremost sponsors . . . declared to be impossible. —Joseph A. Schumpeter The current epoch of inflation over much of